The rupee was weak in afternoon trade on Friday as domestic equities stayed negative, although slight improvement in the euro helped the local currency pullback from the 32-month low touched earlier in the day, traders said.

Rupee

Rupee

* At 2:50 p.m., the partially convertible rupee was at 51.24/25, weaker versus Thursday's close of 50.9050/9150. The unit had dipped to 51.41, its weakest since March 18, 2009, in early trades.

* The euro was at $1.3528, higher from $1.3485 at the end of rupee trade on Thursday. The index of the dollar index was at 77.932 points from 78.166 points previously.

* World stocks fell on Friday, extending an overnight slide, with renewed pressure on Spanish bonds reflecting fears the euro zone's debt crisis was spiralling out of control.